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This is a market activity report for Cambrian Park in San Jose, CA. Cambrian is an MLS designated area which includes the 95124 and 95118 zip codes. This report is comprised of data extracted from May 1, through May 31, 2017 from our local Multiple Listing Service (“MLS”) as of June 1, 2017.
May 2017 Single Family Homes Market Activity Report
- 40 Active Single Family Homes. An increase from 30 homes the previous month.
- 60 Pending Sales (Under Contract). An increase from 54 homes the previous month.
- 59 Sold Homes. A decrease from 75 homes the previous month.
- Average List Price: $1,053,081 – a slight increase from the previous month
- Average Sales Price: $1,110,389 – a slight increase from the previous month
- Average Sales Price to List Price: 105.6%
- Average Days on Market: 13 – as compared to 9 for the previous month
- Absorption Rate: 0.7 months of inventory which equates to an extreme Seller’s market.
- Read more about absorption rate and how it may impact the sale of a home.
A word of caution about statistical averages: The average list price and sold price is representative of the range of prices. Average prices are calculated by adding the total values of all homes and dividing that number by the number of homes listed and sold.
- $1,725,000 was the highest price home sold in Cambrian Park in May 2017.
- $818,000 was the lowest price home sold in Cambrian Park in May 2017.
Cambrian Park Homes for Sale Under $800,00
Cambrian Park Homes for Sale $800,000 to $900,000
Cambrian Park Homes for Sale $800,000 to $900,000
Cambrian Park Homes for Sale $900,000 to $1,000,000
Cambrian Park Homes for Sale $1,500,000 and above
Condos and Townhouses Market Activity Report May 2017
Living in a condo is not for everyone. Buyers need to educate their self on the condo lifestyle and make an informed decision before buying. There are rules and restrictions homeowners must follow. Some condo association rules are just too strict and prohibitive from certain buyers. Buying decisions must be made with eyes wide open.
- 8 Active Condos and Townhouses. An increase from 7 the previous month.
- 18 Pending Sales (Under Contract). A decrease from 23 the previous month.
- 24 Sold Condos and Townhouses. An increase from 8 the previous month.
- Average List Price: $596,750 – an increase from the previous month
- Average Sales Price: $624,208 – an increase from the previous month
- Average Sales Price to List Price: 104.5%
- Average Days on Market: 14
- Absorption Rate: 0.34 months of inventory which equates to an Extreme Seller’s market
- $971,000 was the highest price condo sold
- $410,000 was the lowest price condo sold
Cambrian Park Condos and Townhouses for sale Under $500,000
Cambrian Park Condos and Townhouses for sale $500,000 and above
Value Based Approach To Listing Cambrian Park Homes for Sale
When listing a San Jose home for sale in Cambrian Park it is important to carefully analyze market trends and recent statistical data. The value based approach means we do not utilize an Automated Valuation Model (“AVM”) of homes. The location, condition, schools, and many other factors will impact the value of a home or condo. Homeowner’s who need to sell their home want a professional valuation for a current and accurate home value.
When you are looking to sell a Cambrian Park home the process starts with a conversation to discuss your specific needs, wants, wishes and desires. When you are ready to get started, give me a call. I will share my documented approach to listing homes. If you want to create a bidding war on your home then call me. I will get that bidding war started and win the war for you, the seller! I may be reached at my office at 408.972.1822.
Tags: Cambrian Park Homes for Sale, home value, sale price to list price ratios, whats my home worth
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